NEWS RELEASE PRICES 30 OCTOBER 2008

The producer price index (PPI) in September 2008 was 165.9 points (4. quarter 2005 = 100), 3.9% higher than in the previous month. The PPI for fish products was 187.9 points which is 8.6% higher than in August (effect on the index 2.8%) and the PPI for power intensive industry products was 217.3 points, 1.4% higher (0.4%). The PPI for food products was 1.5% higher than in August (0.2%) and the PPI for other manufactured products increased by 2.2% (0.5%).

The PPI for domestically sold products was 1.2% higher than in the previous month
(0.4%) while the index for exported products increased 5.4% (3.5%).

From September 2007 the PPI has increased 39.6%. The PPI for fish products has increased 47.3% and the PPI for power intensive industry products has risen 62.0%. In the same period the PPI for food products rose 15.9%.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
September -1.8 0.8 -8.3 0.9 0.0 -2.8
October -2.5 -1.9 -7.8 0.6 -0.1 -4.0
November 1.0 2.7 2.3 1.0 -1.1 2.3
December 2.2 2.0 4.6 0.1 0.5 3.2
2008
January 2.0 3.1 -0.8 1.4 2.9 1.5
February 3.1 3.1 6.0 0.6 1.4 4.1
March 9.2 12.6 20.8 1.0 -0.9 15.1
April 6.3 3.2 11.7 6.3 6.7 6.1
May 1.1 -0.4 0.4 1.4 2.5 0.4
June 3.7 7.4 3.4 0.2 0.4 5.6
July 2.4 -0.3 1.9 0.4 3.1 2.0
August 1.9 0.2 7.8 0.6 0.3 2.8
September 3.9 8.6 1.4 1.5 1.2 5.4

Annual changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
September -1.6 0.0 -4.2 3.3 2.0 -4.0
October -3.0 -0.3 -10.0 4.0 1.7 -6.0
November -4.6 -0.8 -14.3 5.2 0.7 -7.8
December -4.2 0.7 -12.6 3.6 -0.2 -6.6
2008
January -3.1 3.4 -16.8 4.3 2.5 -6.4
February 3.1 10.5 -8.4 4.1 4.2 2.4
March 12.5 24.8 10.3 5.6 2.5 18.3
April 20.3 28.3 27.8 12.1 9.2 26.6
May 24.7 33.4 29.9 13.7 12.5 31.7
June 29.5 44.7 36.1 14.1 12.0 40.1
July 35.7 44.3 48.3 14.4 16.8 47.4
August 31.9 36.7 46.4 15.2 16.3 41.1
September 39.6 47.3 62.0 15.9 17.8 53.1

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in September 2008 was 8.0% higher than in the preceding month and 44.4% higher than in September 2007.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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